The Joint Undertaking EuroHPC, a Public-Private Partnership of the European Union, 24 Member States and Norway as well as industry has a budget of about EUR 1 billion, of which EUR 486 millions are from the EU budget and the participating countries each, EUR 400 millions should come via project participation from the participating enterprises.

Activities of this new organisation will be focused on:

A pan-European supercomputing infrastructure by achieving four world class supercomputers

Research and Innovation activities

By 2022/2023, a supercomputer with a performance capability of up to 1018 computing operations per second (exa-scale) should be available to users from industry and research in Europe.